Skanska claims 20% of CEE office market in 2015; promises more in 2016

Office Market

press release

Skanska Commercial Development Europe last year signed final sales agreements for 11 office buildings in Central and Eastern Europe, accounting for roughly 20% of the estimated €2.4 billion in transaction volumes in Hungary, Czech Republic, Poland and Romania, according to a statement from the company released today.

A plan of the Nordic Light Building.

After a big 2015, the company was promising a lot of activity this year, including in Hungary.

“Last year was an important time for us as we conducted the largest office transaction in the history of Skanska’s CEE activity – a four building portfolio sale, comprising projects located in two Polish regional cities, Krakow and Katowice. It was also the largest transaction conducted in the CEE office market in 2015,” Adrian Karczewicz, Transaction Director at Skanska Commercial Development Europe (CDE), was quoted as saying in the statement.

“This year is very important for Skanska in Hungary as our on-going A-class LEED Gold pre-certified office project Nordic Light will be completed and handed over to the tenants. It consists of two phases which will be delivered in May and in September 2016,” according to the statement, which added that the Nordic Light building on Váci út will has 26,200 sqm of gross leasable area.

“Nordic Light is the only fully speculative office project on the Váci Corridor that will be handed over in 2016. Many international companies like Schneider Electric, M&C, BASF, Harman decided to relocate their offices into Nordic Light and further lease negotiations are close to being finalised.” said Marcin Łapiński, Managing Director at Skanska Property Hungary and Romania, according to the statement.


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